Rather, we in the emerging markets are not quite able to digest such kind of swiftness in action. A company with an 85-year long history and having weathered the great depression, falls from grace within two weeks!!!That's a developed market, no speculation - only action. J.P.Morgan got probably a sweet deal, rather ensured that the deal was sweetened for them to be interested.
Spare a thought for the 14K employees of BSC, I've experienced exactly what they must be going through right now, actually worse, when my company Cyberspace wound up without blinking an eye (all thanks to rogues siphoning off funds meant for an IT company into funding their main brokerage business).
I guess the writing was on the wall, and as my previous post on 15-March outlined, Monday did indeed proved to be a Black Monday globally.
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